Fiduciary Alliance LLC Has $908,000 Holdings in American Tower Co. (NYSE:AMT)

Fiduciary Alliance LLC lifted its holdings in shares of American Tower Co. (NYSE:AMT - Free Report) by 188.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,950 shares of the real estate investment trust's stock after purchasing an additional 3,233 shares during the quarter. Fiduciary Alliance LLC's holdings in American Tower were worth $908,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AMT. Czech National Bank lifted its holdings in shares of American Tower by 6.5% during the 4th quarter. Czech National Bank now owns 101,318 shares of the real estate investment trust's stock worth $18,583,000 after acquiring an additional 6,169 shares during the period. RMR Wealth Builders boosted its holdings in shares of American Tower by 12.6% in the 4th quarter. RMR Wealth Builders now owns 8,998 shares of the real estate investment trust's stock valued at $1,650,000 after purchasing an additional 1,008 shares in the last quarter. Atlas Brown Inc. increased its stake in shares of American Tower by 7.3% in the 4th quarter. Atlas Brown Inc. now owns 1,106 shares of the real estate investment trust's stock valued at $203,000 after purchasing an additional 75 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in shares of American Tower by 14.3% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 19,564 shares of the real estate investment trust's stock worth $3,588,000 after buying an additional 2,452 shares in the last quarter. Finally, Jacobs & Co. CA lifted its position in shares of American Tower by 50.8% during the 4th quarter. Jacobs & Co. CA now owns 35,044 shares of the real estate investment trust's stock worth $6,427,000 after buying an additional 11,799 shares during the last quarter. 92.69% of the stock is currently owned by institutional investors and hedge funds.

American Tower Trading Up 1.2 %

Shares of AMT traded up $2.05 during trading hours on Tuesday, hitting $178.99. 2,124,336 shares of the stock were exchanged, compared to its average volume of 2,430,054. The firm has a market capitalization of $83.64 billion, a P/E ratio of 75.52, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84. The company has a debt-to-equity ratio of 3.27, a current ratio of 0.69 and a quick ratio of 0.69. American Tower Co. has a fifty-two week low of $170.46 and a fifty-two week high of $243.56. The business has a 50-day moving average of $194.28 and a 200-day moving average of $211.79.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings data on Tuesday, October 29th. The real estate investment trust reported $0.89 earnings per share for the quarter, missing the consensus estimate of $2.45 by ($1.56). American Tower had a return on equity of 22.01% and a net margin of 10.05%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period last year, the business posted $2.58 earnings per share. The business's revenue was down 10.5% on a year-over-year basis. On average, research analysts expect that American Tower Co. will post 10.08 EPS for the current year.

American Tower Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, December 27th will be issued a dividend of $1.62 per share. This represents a $6.48 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date of this dividend is Friday, December 27th. American Tower's payout ratio is 273.42%.

Analysts Set New Price Targets

Several research analysts have commented on the company. StockNews.com downgraded American Tower from a "buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Barclays dropped their price objective on shares of American Tower from $251.00 to $215.00 and set an "overweight" rating for the company in a research note on Monday. The Goldman Sachs Group decreased their target price on shares of American Tower from $260.00 to $234.00 and set a "buy" rating on the stock in a research note on Thursday, December 12th. BMO Capital Markets dropped their price target on American Tower from $255.00 to $245.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Finally, Mizuho lowered their target price on American Tower from $221.00 to $204.00 and set a "neutral" rating for the company in a report on Wednesday, January 8th. Four analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $230.67.

American Tower Profile

American Tower, one of the largest global REITs, is a leading independent owner, operator and developer of multitenant communications real estate with a portfolio of over 224,000 communications sites and a highly interconnected footprint of U.S. data center facilities.